Summary:
- The article discusses the current state of the U.S. housing market, particularly the rise in new home listings and the accumulation of active listings, which is unusual for the typically slow September period.
- It notes that buyer demand has remained subdued, leading to a drop in listing prices below levels seen two years ago, as buyers continue to be priced out of the market due to high prices and rising interest rates.
- The article suggests that this trend of increasing inventory and declining prices could lead to a wave of vacant homes as sellers struggle to find buyers willing to pay the asking prices.